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Wall Street climbs despite lower growth forecasts
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Wall Street climbs despite lower growth forecasts
Jun 3, 2025 9:51 AM

US stock indices rose on Tuesday even after the Organization for Economic Co-operation and Development reduced its US GDP growth forecasts.

It now expects the US economy to grow by 1.6% in 2025, down from 2.2% in previous forecasts, and for growth to slow even further in 2026 to 1.5%.

Now investors await important US job opportunities data today, and the payrolls report on Friday.

On trading, Dow Jones rose 0.1% as of 15:51 GMT to 42,345 points, while SP 500 added 0.2% to 5948 points, as NASDAQ added 0.5% to 19,354 points.

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